What would you like to do?

Will a bankruptcy affect your auto insurance rates?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you are as a client, the higher your rates. Credit is the same way, so it only makes sense that a bankruptcy would increase your auto insurance rates. Yes, bankruptcy will affect your insurance rates. I have Erie insurance and my rates did go up quite a bit. My home insurance more than my auto insurance. I had only filed one claim on my home insurance in 27 years and never late in payment and yet my rated jumped almost $200. I was told this was because of the bankruptcy. I recommend you this site where you can compare quotes from different companies: insureinfo.us
2 people found this useful
Thanks for the feedback!

What rates do Ameriprise Auto Insurance offer?

Ameriprise Auto insurance offers several different rates. It really depends on how old you are, your driving record, and if you've taken any driving courses.

Will filing for bankruptcy affect you as an insurance agent?

It shouldn't. Many people in all different professions have filed bankruptcy, including lawyers, physicians, teachers, etc., which should have no bearing as to what line of wo

Will a minor in possession of alcohol affect auto insurance rates?

This will depend on whether the minor was driving a car. A minor in possession of alcohol offense, albeit illegal, in itself does not affect auto insurance rates. If the minor

Does having motorcycle insurance affect your auto insurance?

    That Depends.....     Motorcycle policies and auto policies are mutually exclusive meaning there is no coverage on an auto policy for motorcycles and vice

Does vehicle mileage affect your auto insurance rate?

Average miles driven per month or per year is a factor considered by auto insurers in determining rates (which translate into premiums) for certain kinds of coverages. The the

How does being on Medicare affect auto insurance?

I have been an agent for almost 20 years and I have never had to ask an applicant if they were on medicare for an auto insurance application. It shouldn't raise your rates at

Will underage drinking affect your auto insurance?

Answer . Any driving offense related to the consumption of alcohol will result in increased auto insurance rates, whether the offender is underage or not.

Can an auto insurance company raise your rates if you are in an accident?

  Answer   In Michigan, if another driver is at fault and ticketed, my insurance company and probably others, will not raise your rates.     If you are at fau

How do you do driver rating factors for auto insurance?

Rating an auto policy is extremely complicated and has become more and more so as the years have gone by. I remember a time we figured the rates by hand but this would be very

What company has the lowest auto insurance rates?

When deciding whether to choose a mediclaim or a health policy, it  would be wise to first understand what your requirements are, what  is the existing health condition of f